GPT || Government Property Trust : Lot 5 Wellington Street, Bunbury WA

Lot 5 Wellington Street, Bunbury WA

PROPERTY DESCRIPTION

This is a two level office building, purpose built for Centrelink and utilised as a government call centre in the fast growing centre of Bunbury, south of Perth in Western Australia. The property is leased for 10 years commencing November 2003 with annual 3% fixed rent increases with two further 3 year options.

This property is located in the city centre of the major regional town of Bunbury, 200 kilometres south of Perth, Western Australia. Bunbury, is the 3rd fastest growing city in Australia with approximately 50,000 people, over 7,800 businesses and GDP in excess of $5 billion.

Note: The Government Property Trust has a leasehold interest in the land, and owns the building.

Address:

Part Lot 5 Wellington Street,
Bunbury, WA, 6230

Property Description:

Two level office building plus undercover carparking.

Zoning:

City Centre

Site Area:

2,800 m2 (approximately)

Net lettable area:

3,200 m2

Gross Rental :

$1,019,000

Carparking:

53 undercover spaces

Valuation:

$5.325M (Sept 10)

Tenants:

Centrelink
Area: 3,200 m2
Term: 10 years
Commencement:
7 November 2003
Options: 2 x 3 years
Gross Rental: $960,807 (2008)